Government Shutdown Looms: Tech Sector Faces Potential Pullback
Schwab Network · Schwab Network
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Show Notes
Stocks may be due for a wake-up call as the earnings season heats up, and the government shutdown looms large. Matt Maley warns that a potential government shutdown and budgetary concerns could lead to higher long-term interest rates, which could put a lid on the rally. He also notes that the tech sector, which has been a key driver of the market's gains, is starting to show signs of fatigue, and a pullback in the group could have broader implications for the market. Maley highlights AMD (AMD) and Marvell (MRVL) as two under-the-radar tech names that could benefit from a technical breakout.
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